Online Gadget of the week part2: Grow your Business with Twitter
There are many success stories using Twitter for business. I am going to tell you how to use Twitter to get maximum out of it and increase your customer Tele and to improve sales.
As I said in my previous post Twitter is a Micro blogging service with special Feature called tweet. Tweets allow you to send 140 character short messages to your followers.
When you follow other people on Twitter, you see their tweets. When they follow you, they see your tweets. You have full control over tweet you can turn it ON or OFF anytime. Twitter keeps public record of all your tweets, which you can search what ever you want.
Let me tell you how to start with Twitter:
1.First create a Twitter account and complete your company or corporate Bio, this will help member who visit your profile to know more about your company and your products and this will create good chance converting them in to your followers in twitter.
2.Then make your Twitter profile a professional one add your company logo, the logo create creditability and add good profile background. There any many website in internet which offer twister background either as a paid service or free one.
3.Search like minded people, people who interested in your profile and users from your area who could be potential buyers. Then include you as there follower and reply to tweet you receive from them and in due course they also start following your tweets. I have come across a success of a local coffee shop using Twitter. The lady of that coffee shop opened Twitter account and start communicating with members in her coffee shop area and soon she have more than 1000 followers. She received order from her regular coffee shop customer but through Twitter this is the first To-Go Order (parcel order). She soon started taking Parcel order from her Twitter clients. Now that coffee shop become meeting place for local Twitter members and she double her clients through Twitter
4.Driving Traffic to your site: While sending tweets you can add your website or blog link along with that 140 character message. So using tweet you can post your promotion, offers along with the link to buy your product or service. Making you Tweet message interesting is important thing in getting good result and high click through rate.
5.Twitter is also a good way to stay in touch with customer and also to update your customer on recent changes in your product, upgrade, new products and offers. Tweets are instant broadcast so you don’t need to wait and also send tweets in time were your follower are free to read your tweets.
So why you are waiting, start your Twitter journey and share your experience with me.
To create twitter account visit https://twitter.com/signup
Grow your Business with Twitter
Tata May not need UK Government Support for Jaguar-Land Rover Rescue
Tata May not need UK Government Support for Jaguar-Land Rover Rescue
Jaguar-Land Rover UK unit which was brought by Tata in 2008 in historical Deal between Ford and Tata was in deep financial crisis. The economy crisis axed the car sales in European and USA this inturn made many car makers to seek for Government Bailout and Bankrupcy.
The Jaguar-Land Rover UK unit which posed a 641.5 million pounds but it suffered 673.4 million pounds net loss in 2008-2009 fiscal. This made Jaguar-Land Rover to seek government help to raise fund and the company executives lobbing the government to provide guarantee to the fund raising for almost 12 month but there are differences between UK government and the Jaguar-Land Rover.
The government is only ready to provide 6 month guarantee for the loan raised. Yesterday JLR announced it has almost finalized its short-term funding facilities through commercial banks. The company also said it is in final stage of negotiating commercial arrangements for funding and guarantees for the approved £340-million loan. The press release says “These arrangements have been and are expected to be concluded without necessitating guarantees from the UK government,”.
Doing Business with Goverment Sector is noting but a Hurdle
Doing Business with Goverment Sector is noting but a Hurdle
I always stick to my belief don't relay or do business with government related business entity until unless you have good political support to move your case or bbusiness.
Why i am saying that because today all bank employees went to two day national wide strike putting the entire economy in to stand still.
Really it’s a shame one; they may go for strike for some good reason but the ultimate suffers is people and their businesses. The main highlight of this strike is timing they picked a period which cause maximum damage to people and to the economy at large.
The bankers know that first 10 day of month is the very crucial where most people do their bill payments or receive their money as salary, pension, bill payments, rents, school and college fess and business receive their raised invoice payment during this time.
Personally i don't have account in any nationalized bank because i hate their standard and the way they treat the customer in fact many times we need to beg them to get our work done like getting cheque book, bank statement or cash withdrawal at last minute of banking time.I have three bank accounts all are in private bank almost i don't need to visit those private bank to do my transaction from payment transfer, withdrawal, cheque request and also i get update on every deposit and withdrawal details in mobile.
So i don't this guy went to strike or not.
Today as it his month BEGINING I have to pay Rs10,oo for my bill payments like all other general public you have to pay their bills and i don't know that today is nationalized bank employee went for bandth and in fact even if i know this early i don't care about it.
As usual i went to a near by ICICI Bank with my Axis Bank debit card, generally i use to withdraw money with my Axis debit card in this ATM as the nearest Axis bank to my home is 5 km.
i went to ICICI Bank Atm and there was some confusion and one person waiting outside the ATM suddenly went to his bike and moved i don't why he because he is the next person to enter.
When i enter the ATM i inserted my card and as usual everything went smooth and i gave Rs10,000 as withdrawal amount and gave confirm. But to my suprise it showed that " temporily we can't to the Transaction"
i am confused, i know my card have money and the pin also correct but then only the security guy standing behind me told "sir today ATM machine is not accepting Non ICICI Bank cards", in furious i asked him why?, every time i use to take money from this machine only, for that he said sir two days banks went to strike so ATM SBI, Indian bank card are not accepting.
I literally shocked whether my bank also went to strike i know that private bank never went to strike but i am upset what if my bank ATM is out of cash.
After coming out of ICICI Bank ATM i decide to go my bank ATM and travel 5 km just to take my money. Ya my Bank ATM is working and in fact not even a person waiting there its empty i just entered and took the amount and came back as relieved person.
But then it is not a case for many Indians as most of them keep there money only in nationalized bank for security reason and also because they do banking with nationalized banks for decades. They all have to suffer this pain. They may need their money for emergency needs like buying pills, for treatment, and to pay their monthly bills. Businesses that are known to pay there bills only during the deadline this month may end in paying late payments.
Not just that millions of senior citizens who just look for the month begin to withdraw their pension money from bank has to go home with empty hand. Not this pension receiver are widowers and relay only on this amount to run their life. Personally i know a poor old lady she every month come to SBI Bank to get is money, she come to bank three or four days before pension money deposit and every day ask the Teller whether her money deposited in her account. Some times i have seen the Teller shouting at her don't come now. it will get deposit in to yoru account after three or four only but still that lady beg that person. She is illiterate but why she is begging that teller is she is desperate in need of that small amount and she rely only on that money to run her life.
To avoid such situation happening again in future the government must disinvest its holding in Banks and make the entire banking industry in country a private one. The government and RBI must change it role as from stake holders to moderators.
The governing of all banks should be hand over to private body and government ensures the proper function of the Bank's Board of directors. This will stop Trade Union from going strike as employee fear of their job and know that private operators will handle things legally and with Iron fist instead of looking this economy crisis in political view.
New chapter in my blog: Business Gadget for the Week.
New chapter in my blog: Business Gadget for the Week.
I dude I am much interested in moving the business from paper to online. I am also keen to learn and adapt new technology. When I heard first heard online newsletters in website, few years back I have one for my website and now I have created a good list of like minded people who interest in business buzz in my Newsletter.
Let come to point now I plan to discuss about cool new and useful online tools or stuff that we can use to improve our business and business ties. I have planned to discuss atleast one online tool a week. Last month I am cross an invitation from my friend to join Twitter, for people who don’t know about twitter it’s a social networking and micro-blogging site with some feature, they call it tweet. I have joined twitter last week one I joined I want to know what is tweet, the word is now a buzz word in the internet.
Tweet is short message servie offered by twitter. The author can post a 144 character which will be sent to members who are all subscribed to the author’s blog list. The tweet will be delivered to subsciber’s twitter account or as a SMS to subscriber mobile based to the option the subscriber preferred. The tweet service as free as of know and thus it attract many business houses that want its customer well informed about their new products, offers and product news are entering twitter to utlizse this service to improve their business and to reach the customer quickly about their product details.
I will post my experience with twitter and how you can use twitter for your business needs in coming posts.
Infosys BPO secured a Five year Deal with UK Telecom giant T-Mobile
Infosys BPO secured a Five year Deal with UK Telecom giant T-Mobile
Infosys BPO, the business process outsourcing harm of Infosys Technologies, today announced that it has secured a five-year contract with T-Mobile United Kingdom. Infosys BPO has been engaged by T-Mobile UK to support several core processes for their finance directorate - covering customer finance, commercial finance and accounting (F&A) and procurement operations.
This strategic partnership is significant as Infosys BPO is taking responsibility for specific transactional activities, allowing T-Mobile to concentrate on the main financial issues that are strategically important or which deliver competitive advantage.
Over the past year, Infosys BPO has been focusing on acquiring domain expertise across industries to enable it to address industry-specific pain points faced by clients, using a combination of process and technology levers to improve efficiencies.
Infosys BPO’s continuous focus on process excellence and operational scalability has been seen as important factor to forging this strategic partnership.
"We are pleased to have been selected by T-Mobile United Kingdom. Our strong F&A capabilities combined with our understanding of the telecom industry helps us successfully transform businesses of our clients.” said Gopal Devanahalli, Vice President and Head, Communications, Media and Entertainment (CME), Infosys BPO.
Tim Spence, Head of Customer Finance, T-Mobile UK, said: “We were keen to partner with a company that possessed a good understanding of our requirements and business needs. Infosys BPO has shown deep telecom experience and is widely recognized as a leader in business process outsourcing. We are confident of gaining immense value through our partnership with Infosys BPO."
Japan’s Nomura acquires 35 per cent stake in LIC Mutual Fund
Japan’s Nomura acquires 35 per cent stake in LIC Mutual Fund
Japan's Nomura Holdings Inc bought 35 per cent stake in LIC Mutual Fund Asset Management Co Ltd (LICMF AMC), a unit of the country's largest insurance company, Life Insurance Corporation of India Ltd (LIC) for about Rs308 crore.
As per the agreement between both parties signed in Mumbai on Saturday, The acquisition 35 per cent stake in LIC Mutual Fund will be carried out by the Nomura Asset Management Co Ltd, a subsidiary of Nomura Holdings Inc.
Out of the Rs 308 crore proceeds amount, Rs80 crore will go to LICMF and the rest to the existing LIC Mutual Fund shareholders of the asset manager.
Once the deal has been closed LIC will hold 45 per cent stake in the LICMF AMC, Nomura Asset Management will have 35 per cent and the remaining 20 per cent will be held by LIC Housing Finance.
BSE sensex lost 253.24 points
Mumbai July 10: The BSE sensex lost 253.24 points at the end of the day compare to its previous close
The 30-share BSE index fell 1.84 percent, or 253.24 points, to 13,504.22, its lowest close after the ruling coalition won general election. The 50-share NSE Key index Nifty down by 1.9 percent closed at 4,003.90 points.
The main reason for the fall is a sell-off by foreign hedge funds institutions due to redemption pressures from their investors.
This week the benchmark index last more than 9 percent. The sensex started it fall on Monday after the budget expectation are not met and on Monday this triggered the largest single day fall in 6 month.
Major Loser
Sensex heavy weight Reliance Industries which led the index losers fell 4 percent to 1,778.40 rupees.
Reliance Infra -6.5%,
JP Associates -5.6%,
Reliance Comm -5.4%,
HDFC -4.7%, Sun Pharma -4.2%
The stock has fallen 12.3 percent this week, the second steepest weekly slide this year.
Major Gainer
Infosys up by 3 percent to 1,726.50 rupees after posting 17% increase in profit for 1 st quarter
Mahindra Satyam up by 2.05 percent
Sterlite Industries rose 3.3 percent
Heavy selling Crashes Sensex by 401 points, fall below the 14000 Mark
July 08:Heavy selling Crashes Sensex by 401 points, fall below the 14000 Mark
The BSE Sensex ended the day at 13,769 points, with a big loss of by 401.3 points compare to previous close, owing to high selling seen across the board.
The weak global sentiment also dampened investor sentiment. The Nifty index of National Stock Exchange (NSE) was also quoted below 4200 level and ended at 4078.90, with a loss of 123.25 points.
Huge selling pressure in banking, infrastructure, metal, telecom, oil & gas exploration, realty pulled the BSE key index Sensex below the psychological levels of 14000 at the end of day.
Major Losers:
Sterlite tumbled over 8% to Rs 546.
DLF down by over 7% each to Rs 284
Reliance Infrastructure down by over 7% to Rs 1,075.
L&T and ICICI Bank slipped around 6% each to Rs 1,413 and Rs 655 respectively.
Jaiprakash Associates dropped 5.5% percent.
Foreign Institutional investors have sold Indian equities worth Rs 3,232 crore in the net since Monday
Banking sector stocks were in red as investors were nervous about the impact of the Government’s borrowing programme on the financial sector.
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Turnover Volume Topper
Reliance Industries is the highly traded script with a turnover of Rs 345.28 crore on the BSE. It was followed by Unitech (Rs 252 crore), Tata Steel (Rs 202.68 crore).
Market end in green BSE sensex Gained 125 points
July 7:Market end in green BSE sensex Gained 125 points
The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, opened at 14,788.27 points, above Monday's close of 14,872.23 points. The key index of National Stock Exchange (NSE) Nifty closed 0.91 percent higher at 4,203.4 points.
The sensex raised by 125.58 points or 0.89 percent to close the day at 14,168.98 points
The breath of the market indices also in the green, with the BSE midcap index raised by 0.48 percent from its previous close, while the BSE smallcap index was trading 0.38 percent higher.
Of the 13 sectoral indices on the BSE, the IT, metal and energy stocks were the losers were as energy stocks were among the lost the most, while those for power are in green.
Major Gainers
Reliance Infra, up 5.26 percent at Rs.1, 258
SBI, up 3.71 percent at Rs.1, 703
Tata Power, up 2.8 percent at Rs.1, 171.10
DLF raised by 1.8 percent at Rs.358.75.
Overall 1,104 stocks were advancing, while 1,259 declining and 79 remaining unchanged.
BSE Sensex falls 869 points as Union budget disappoints
July 6 Monday: BSE Sensex falls 869 points as Union budget disappoints
It is worst performance of the share market in last 6 month. The disappointment over the budget turns in to a market disaster as the BSE key index sensex 870 points down from its last closing figure. The fall comes after the lack of policy announcement on liberalization and increase in minimum alternate tax on corporates.
The BSE sensex open the day at 14,962.12 points, closed at 14,043.4 points - 869.65 points or 5.83 percent lower than Friday’s close. The sensex touched today’s low of 13,959.44 points. While Nifty tumbled by 258.55 points today to 4,135.70. It hit the lowest of 4,133.70 points
Banking sector stocks are the most suffered and It was down by 8.17%.ICICI Bank, down 10.09 percent.
Finance minister Pranab Mukherjee mentioned in his budget speech that the fiscal deficit for this fiscal year may rise up to 6.8% of GDP.
Major Losers
Reliance Infra, down by 12.47 percent
ICICI Bank, down 10.09 percent
Jaiprakash Associates, down by 9.93 percent
Sensex Heavy weight Reliance industries share down by 6.53 percent
In the 30 scripts sensex only two scripts ened in green ITC, up 3.13 percent and Hindustan Unilever, up 0.99 percent. Of the 13 sectoral indices on the BSE, those for banking, realty and capital goods thumbled.
India Bugdet 2009-10 Highlight
India Bugdet 2009-10 Highlight
Finance Minister Pranab Mukerjee Submitted 2009-10 Budget on the back drop od huge expectation of huge reform in the recession hit economy and UPA Election Promises.
Here I have captured some of the highlight of the budget.
Life saving Drugs to become cheaper
Customs duty on gold and silver import increased
Customs duty on bio-diesel removed
Full exemption of excise duty on branded jewelry
Tax holiday extended for Textile units
5 percent custom duty levied on set top boxes
Custom duty on LCD panel reduced from 10% to 5 %
Commodity transaction tax will be removed
Allowance for paramilitary will be at par with the defence forces
One lakh dwelling units for paramilitary force will be built
Defense allocation has gone up by 34% compare to previous year
New pension benefis for 12 lakh jawans and JCOs
Rs 2,100 cr allotted for higher pension of Jawans
One rank, one pension for ex servicemen
The Income Tax exemption limit for senior citizens is increased by Rs.15,000,
For women and others by Income tax exemption increased by Rs.10,000 each.
Small businesses exempted from advance tax
Fringe Benefit Tax (FBT) abolished
Tax filing to be simplified in next 4 years
Surcharge of 10 per cent in the Personal income tax removed
No change in Corporate tax
50% of rural womens will be brought under the women self help group.
National mission for female literacy
Allocation for Commonwealth Games increased to Rs 3,073 crores.
New IITs to be set up
Rs 2313 cr allocation for IITs NIITs
Unique Identification ID plan will roll out in 12 to 18 months and will tap private talent
Allotment to nation highway project development hiked by 23 pc
US$ 100 million for rehabilitation of the internally displaced tamils in srilanka
Fiscal deficit at 6.8 pc
Domestic oil prices must be in sync with global prices
Effective interest rate at 6 pc for farmers
500 crore for Mumbai floods management
Steps to ensure the agriculture continues to grows at 4 pc
Interest subsidy for home loan up to 1 lakh
Estimated Budget expenditure for the year 2009-10 is Rs 10, 28,032 crore
He said there are three important 3 Challenges in front of Government:
1. To return to 9 pc growth rate at the earliest
2. Ensure inclusive development. To make sure no section is left out
3. All institutions must provide for the growth to be achieved
Railway budget 2009-10 presented by railway budget 2009
Railway budget 2009-10 presented by railway budget 2009
The railway budget 2009, presented by railway budget 2009in Parliament on Friday, has evoked mixed reactions from political parties. While main opposition party BJP slammed the budget saying that it had been prepared in haste and failed to provide the needed impetus even, Congress described it as pro-people and a reflection of the “hum aadmi” policies of the UPA government.
Passenger and freight rates left unchanged across the board.
Railways earn net revenue of Rs8,121 crore in 2008-09.
Railways to pay higher dividend of Rs5,479 crore to the Centre in FY 2010
Tatkal charges reduced from Rs150 to Rs100.
Ladies' specials on suburban train routes during peak hours in metros delhi,kolkata and Chennai,.
'Izzat' monthly tickets scheme of Rs. 25 (to travel up to 100 km) for people from the unorganised sector with an income of less than Rs1,500 per month.
New Railway coach factory at Kanchrapara in West Bengal.
18,000 wagons to be acquired during the current year.
Railway medical colleges and Rail hospitals on public-private partnership basis.
Student concession will cover madrassa students
Special Rail coaches for disabled and aged people.
50 stations to be developed along world-class standards.
375 stations to be upgraded as 'Adarsh' stations, with basic facilities such as drinking water, toilets and ladies' dormitories.
Availability of doctors on-board long-distance trains.
6,560 staff quarters to be constructed in 2009-10.
High-capacity double-decker A/C trains to be introduced.
57 new trains to be introduced.
12 non-stop trains to be introduced connecting Delhi-Chennai, Howrah-Mumbai, Delhi-Lucknow, Delhi-Pune, Delhi-Allahabad, Howrah-Delhi, Sealdah-Delhi and Ernakulum-Delhi.
Accredited journalists to get 50% rebate; also once a year with spouse.
1,000 MW power plant proposed in tribal area Adra.
Cash surplus of Rs17,400 crore before dividend.
Annual plan expenditure pegged at Rs36,336 crore.
Book stores, PCOs to be set up across stations
SMS updates on wait-listed tickets to be introduced.
Auto-vending machines to be installed in large and medium stations
Arrangement with Department of Posts for issuance of tickets.
Petrol Price hiked by Rs 4 and Diesel Rs 2 from Today
Petrol Price hiked by Rs 4 and Diesel Rs 2 from Today
The first time after UPA 2 formed government the petrol and diesel price are raised.
Petrol and diesel will be raised by Rs 4 per litre and Rs 2 per litre respectively from Thursday 12.00 am midnight, Petroleum minister Murli Deora said, in a move intended to help state run oil marketing companies to reduce the loss because of increased global crude prices.
Even thought the price of petrol and diesel is increased the cooking gas and kerosene price not been increased. But truckers and transporters associations announced that they would pass on the burden by raising freight rates.
An estimated subsidy of Rs 30,000 crore will be borne entirely by the government for the cooking gas and kerosene. Provisions would be made in the budget that is to be presented on July 06th, to cover the loss on account of LPG and kerosene, Petroleum Minister Murli Deora said.
The price rise decision by petroleum ministry was taken without consulting the Cabinet or with the UPA partners. Oil minister Murli Deora announced the price rise after consulting PM Man Mohan Singh and the Congress party leadership. The reason for not consulting with cabinet and UPA allies would be the congress have huge majority in current UPA government and allies have less power to shake the government when compare to previous UPA government.
Murli Deora said to reporters “the hike in fuel prices was necessary to control the losses of state-owned oil companies -Indian Oil Corporation, Hindustan Petroleum Corp and Bharat Petroleum corporation are losing Rs 6 per litre on petrol and Rs 3.62 per litre on diesel”.
Sensex ended flat after losing intial Gains
Mumbai June 29: The BSE sensex closed flat after losing early gains in the closing session. The sensex raised by 21.10 points or 0.1 percent, Sensex fall towards the closing bell, falling after rising 191 points to end the day with 21.10 points gain.
Major Gainers
Sterlite up 5.66 percent
DLF up 3.82 percent
Reliance Industries up by 2.78 percent
Major Loser
Tata Motors, down 7.77 percent
Sun Pharma, down 3.52 percent
Tata Consultancy Services fell 2.8 percent
Infosys down by 2.4 percent
Out of 30 share in BSE sensex,13 stocks closing in green.
Sensex Heavy weight Reliance Industries climbed, court had approved its plan to absorb unit Reliance Petroleum. Following which Reliance Industries up by 2.78 percent at Rs.2,084.95.
Tata Motors fell 7.8 percent after reporting loss for the first time in 8 years.
State-run explorer ONGC gained 2.6 percent to 1,068.05 rupees on hopes the government would increase the fuel pricing and help the loss making state energy firms.
Asian market today did not do well. Tokyo stock exchange, Key index losing 93.92 points.
Bombay Stock Exchange today jumped up by 419.02 points
Mumbai June 26: The benchmark Sensex of the Bombay Stock Exchange today jumped up by 419.02 points to settle at 14,764.64 points. The jump in share is through sustained huge buying of share by Foreign Institutional Investors (FIIs) coupled with a positive Asian market.
The benchmark index of the Bombay Stock Exchange (BSE), the Sensex, which opened at 14,373.57 points, at the end of the day closed at 14,764.89 points, raised by 419.27 points 2.92 percent higher than Thursday's close.
Among the broader indices, the BSE Midcap Index went up 2.4 per cent or 121 points, to 5,170.90 and the Smallcap Index gained 107.73 points or 1.89 per cent at 5,800.75.
The overall market breadth was positive. About 1755 shares advanced while 1004 shares in red on the BSE and nearly 394 shares remained unchanged.
Major Gainers
ICICI Bank up by 7.96 percent
Sterlite by 6.11 percent
L & T by 5.47 percent
TCS Ltd by 4.35 percent
Infosys Tech by 3.93 percent
Major Losers
Sun Pharma down 12.17 percent
Ranbaxy Lab down by 4.37 percent
Tata Steel down by 2.53 percent
M & M down by 0.73 percent
The BSE sensex closed negative on the settle day
Mumbai June 25:The BSE sensex closed negative on the settle day of the June series by 0.53 percent. The 30-share BSE Sensex down by 0.53 per cent or 77.11 points closed at 14,345.62 and Nifty slipped 1.19 per cent or 51.10 points, to close at 4241.85.
The benchmark had risen as much as 1.1 percent in the morning as investors covered their short positions on the last day of monthly derivatives contracts.
The 50-share NSE index slipped down by 0.7 percent ended at 4,264.80 points.
But the overall breadth of the market remained positive on the BSE, with gainers edging out losers by 1,405 to 1,220 while 78 stocks remained unchanged
Realty and banking stocks, posted some gains today. Banking stocks which performed poorly yesterday have given momentum today and the banking index ended 0.4 per cent higher. Unitech was the biggest gainer in the realty space. The stock surged 5.2 per cent to Rs 82. The company today said it was seeing a pick up in demand for new residential projects.
In the BSE Sensex 30 shares 11 stocks gained while 19 stocks ended in red.
Major Losers
Tata Motors down by 5.4 per cent to Rs 337.
Sun Pharma
Maruti Suzuki
BSE sensex raised by 98.72 points
BSE sensex raised by 98.72 points
June 24 Mumbai:The share market opened in negative terrain because of expiry of June futures and options contracts due tomorrow and the market gathered momentum after mid session to end the day in positive. BSE Sensex ended at 14,422.73 points and NSE Nifty at 4,292.95 points.
The market today opened in green in line with other Asian markets. Market quickly lost ground and slipped lower on some selling pressure. The government announcement of lesser monsoon rain expected this year than the normal annual monsoon rains, which are a lifeline for the country's trillion dollar economy, have weakened and are expected to be below normal. This lead to worries about agricultural production due to uncertainty existing in monsoon kept the sentiments weak.
The 30-share BSE index increased by 0.69 percent, or 98.72 points at the end of the day, higher at 14,422.73 points, with 24 stocks rising and while 6 share in red. It opened up and quickly fell as much as 0.8 percent before rebounding 1.1 percent at one stage.
L&T which lost nearly a 10% of its market value in the last fortnight, led the gains on speculation the engineering and construction firm would benefit from expected higher spending on infrastructure.
Major Gainers from the BSE Sensex
JP Associates (6.01%)
Sun Pharma (5.00%)
TCS Ltd (4.33%)
Tata Motors (4.20%)
Grasim Industries (4.20%)
ACC Ltd (3.24%)
Major Loser in BSE Sensex
HDFC Bank (1.97%)
HDFC (1.96%), ICICI Bank (1.16%)
ICICI BANK (1.2 %)
Sterlite Industries (1.00%),
Reliance (0.79%)
Ranbaxy Lab (0.29%).
Top three High Traded shares
Suzlon Energy on 23.8 million shares
Reliance Natural Resources on 23 million shares
Unitech on 18.9 million shares
Stocks that jumped high today
Educomp Solutions rallied 11.2 percent to 3,427.35 rupees after it formed an equal joint venture with British publishing group Pearson to offer vocational and skills training in India.
ABB Ltd gained 4.58%. The company has won orders wroth Rs 220 crore from Tata Projects Limited.
BSE Sensex Ended Flat
BSE Sensex Ended Flat
Mumbai June 23:The Sensex ended on a flat on Tuesday. It sensex opened a loss of 178.35 points, at 14,147.87 on Tuesday following weak global cues. It proceeded to trade in the negative terrain for most part of the day on sustained selling seen in frontliners, touching a low of 14,016.95. Later in the afternoon session after positive opening of European market helped sensex to bounce back touching a high of 14,394 points. Finally at the end of the day Sensex lost all its gains and fell into the negative to close flat.
The BSE Sensex close the day with a loss of 2.21 points, or 0.02% at 14,324.01 after touching a low of 14,016.95 and a high of 14,394.19. The broad-based NSE Nifty climbed 11.75 points, or 0.28% at 4,247.00 after hitting a high of 4,267.45 and a low of 4,143.25.
Major gainers
Grasim Industries (4.13%)
ONGC (3.30%)
Reliance Industries (3.26%)
Tata Motors (2.70%)
NTPC (2.54%)
HDFC (2.34%).
Major Losers
ICICI Bank (4.05%)
HDFC Bank (3.55%),
Hindalco Industries (3.32%)
ITC (3.11%),
Sterlite Industries (India) (2.82%).
Out of the total 2,639 stocks traded at BSE, 1,116 advanced, 1,455 declined while 68 remained unchanged.
Inflation turned negative for the first time in 30 years
India: The Inflation turned negative for the first time in 30 years in the first week of June but the prices of food items like fruit and vegetables, cereals were still higher than last year. The inflation stood at minus 1.61 per cent for the week ending June 6, according to the data released on Thursday.
In contrast, food items were raised by 8.7 per cent from the comparable to last year as pulses moved up 17 per cent, cereals 13.5 per cent, and fruit and vegetables 10 per cent.
The wholesale price index has risen by 2.3 per cent since Feb. The high inflation last fiscal year 11.6% makes the rise in price this year look less. The ecomist call this effect has base affect, has the previous year price rise have a effect in the current fiscal year.
Manufactured Products, the year-on-year inflation rate fell to 0 per cent in the current week, down from 0.4 per cent the previous week.
The share market responded positively over the development and rose by about 200 points expecting monetary measures by RBI.
The finance secretary, Mr Ashok Chawla, said it is because of base effect of previous year high inflation and the demand in the economy is not reduced and this figures will correct itself.
Banking sector helps BSE sensex to gain momentum Sensex up by 82 Points
Banking sector helps BSE sensex to gain momentum Sensex up by 82 Points
June 16 Tuesday: Following the weak global trends, the Sensex opened with a negative gap of 87 points at 14,788 and slipped further to a low of 14,622. After the announcement fron Goldman Sach raised their rating on banking industry, the index moved up to touch a high of 15,022, up 401 points from day's low. The index finally ended higher by over 82 points at 14,958.
Goldman Sach expects net income growth for Banking industry to rebound to 32 per cent for the next fiscal, from 1 per cent in the year ending March 31, 2010. All bank stocks performed well.
The banking sector index gained the most, 2.26 per cent, Indusind Bank 17.17 per cent to Rs 82.25, IDBI Bank 10.15 per cent to 111.25 and State bank of India gained 4.5 percent to end up Rs 1,714.
The midcap index rose 2.21 per cent to 5,226.16 and the smallcap index 2.13 per cent to 6,011.36. The National Stock Exchange index Nifty rose by 33.80 points to 4,517.80.
Major Gainers
Mangalore Refineries & Petrochemicals raised by 14% to Rs 95.
Tech Mahindra increased by 13% to Rs 791.
Losers
Reliance Natural Resources slipped 7% to Rs 100.
Reliance Industries, Bharti Airtel and Wipro are the losers.
BSE Sensex slipped below 15,000 mark
Monday June 15: Heavy selling pull down BSE sensex by 362.42 points
The BSE Sensex fell 362.42 points on Monday, dragged by Reliance Industries after a High court asked the billionaire Mukesh Ambani-controlled RIL to sell gas at USD 2.34 mmbtu to Anil Ambani’s Reliance Natural Resources (RNRL), which is half the government-approved price.
The Bombay high court ruling made the RIL shares to fall as much as 7.85 percent where as the Anil Ambani’s Reliance Natural Resources raised by 24.1 percent to 108.35 rupees, its best close in almost 13 months.
There is a volatile situation in the market with one day rise in share value and the next day there is fall. The analyst felt that the share price are over estimated and share market rose by more than 54 % this year after falling to 8000 mark in the last year. Analyst feel the market will go for correction in coming days as the share price are over stretched.
Main market loser are
RIL 7.85 percent
Sterlite 7.6 percent
L&T 4.8 percent
Reliance Natural is the main gainer and increased by 24.1 percent. Today Reliance natural is the highly traded share and it turnover was Rs 1101.20 crore.
Asian stocks declined, led by commodity companies, after metals and oil prices fell. Japanese automakers rose as a weakening yen boosted earnings prospects. Key benchmark indices in Hong Kong, Japan, South Korea, Singapore and Taiwan were down. European shares fell on Monday, tracking losses in Asia markets.
The 50-share NSE index fell 99.4 points or 2.2 percent to 4,484 at the end of the day.
BSE Sensex Down 173.53 Points On Friday
June 12 2009: BSE Sensex Down 173.53 Points On Friday
The benchmark 30 share Sensex of the Bombay Stock Exchange (BSE) closed lower for the second consecutive day, today it lost 173.53 points to settled in red at 15,237.94 on renewed selling pressure.
The NSE Nifty index opened at 4637.55 points and then touched a intraday high of 4693.20 points and low of 4566.15 points, and settled in red at 4583.40, down 54.30 points.
The fall down is main because of long term investor booking profits a head of weekend and leak global economy. Even though the sensex lost 173.53 on Friday, nn weekly basis, the Sensex gained 0.89 pc when compared to previous week.
Sensex fell 173.53 points or 1.1% to 15237.94
Nifty fell 54.30 points or 1.2% to 4637.70
Mid Cap index fell 2.1%. Small Cap fell 2.2%.
BSE 500 was down 1.3%.
Major Sensex losers
Ranbaxy Labs -6%
DLF -5.8%,
Reliance Comm -4.4%,
M&M -3.9%,
Tata Motors -3.7%
Major Sensex Gainers
Reliance Industries +2.5%
Sterlite Ind +2.3%
ONGC +0.8%
Tata Steel +0.8%
European Markets:
The main European share markets all ended in Red
FTSE 100: -0.3%
CAC 40: -0.4%
DAX: -0.1%.
Market Turnover:
The Total value of share traded stood at Rs 1,07,004.36 crore as against Rs 94,928.21 crore on Thursday. This Include Rs 23,680.56 crore from the NSE cash segment, Rs 75,452.41 crore from the NSE F&O and the balance Rs 7,871.39 crore from the BSE cash segment. Today BSE did a turnover of Rs 7,868 crore more than than Rs 7,628.57 crore on previous day.
Share market slips, consolidtion for Market
BSE 30 share sensex fell by 55.32 points
June 11: The 30 share BSE sensex fall 55.32 points at the end of the day even though they is a positive sign coming from foreign stock exchange. The BSE sensex moving wide deep in red in the intraday and gain some points at the end of the day to close at slight down mark of 55.34 points or 0.36 percentage less than its previous day close.
The NSE also down by 17.55 points at the end of the day. The 50-share NSE Nifty index resumed flat at 4657.40 and saw a dip in the intraday but manage to bounce back to 4637.70 at the closing of the day. On contrary today the European markets are all ended in green.
On the market analyst said that today is consolidation day for the markets. The benchmark indices ended the session marginally lower. The sell-off in oil & gas, technology, realty, cement, private power counters are in red where as telecom (except Rel comm.) metal stocks, NTPC and HDFC Bank helped the benchmark indices to gain.
India Inflation come down further
Inflation slipped further 0.13 percent
India: India’s annual rate of inflation fell to 0.13 percent for the week ended May 30 from the previous week close of 0.48 percent. This is the 13th successive week that the inflation stood below one per cent mark.
Even though the inflation is fell to its lowest level the price of food and vegetable are rising are still expensive.
Analysts believe that the economy will fell in to the deflation in upcoming weeks. Even though many believe that the Indian economy inflation won’t be in negative for long time.
In a bid to stimulate economic growth, finance minister Pranab Mukherjee asked public sector banks to provide credit at reasonable rates. In his address to chief executives of the public sector banks on wednesday, Pranab Mukherjee said "as a financial intermediary the banks have to stand by to provide credit at reasonable rates."
India’s First Women speaker of Lok Sabha : Meira Kumar
India’s First Women speaker of Lok Sabha : Meira Kumar
Meira Kumar is been nominated for the post of Lok Shaba Speaker by Congress. She will become the first women to attain this high post.
Meira Kumar, who has joined as minister of for Water Resources in newly formed UPA government, has resigned her union minister and said that she has been nominated for the post of lok shaba speaker.
She thanked UPA head Soni Gandhi, Prime Minister Man Mohan Sigh and other UPA allies for choosing her for the post of Lok Shaba Speaker.
Meira Kumar, is the daughter of former deputy PM late Jagjivan Ram, she join Indian Foreign Service in 1960s and quit the job in Indian Foreign Service in 1985 to join politics.
Meira Kumar, five-time Lok shaba MP was first elected to the Lok Sabha from Bijnore in Uttar Pradesh in 1985. she lost the election in 1999 from Delhi's Karol Bagh constituency and again she was re-elected in 2004 from Sasaram in Bihar and she joined Dr Man Mohan Singh government has Minister for Social Justice and Empowerment.
She done a law degree, Kumar became a member of the Supreme Court Bar Association in 1980. Her Husband is a Supreme Court lawyer and she have three children’s.
Indian Rupee on Rise sending alert signal to central Bank and Exporters
The Indian Rupee which it lowest level against the dollar is now on the upward trend reaching it six month high against the American Dollar.
At Forex market the Indian rupee has ended at 47.01/47.02 on 02 June 2009 and the Indian rupee again regained and traded at 46.83. The Indian rupee traded at this high only way back in November 2008.
The main reason for steady again of rupee is said to recent raise in share market and followed by pumping of huge investment by foreigners in local share market.
The raise of Indian rupee eased the the gold price in the country.
Indian Parlimentry Election Tally
Indian Parlimentry Election Tally
UPA
* Indian National Congress led by Sonia Gandhi (Whole India) 206
* Nationalist Congress Party led by Sharad Pawar (Maharashtra) 9
* Rashtriya Janata Dal led by Lalu Prasad Yadav (Bihar) 4
* Samajwadi Party led by Mulayam Singh Yadav (Uttar Pradesh) 23
* Dravida Munnetra Kazhagam led by M. Karunanidhi (Tamil Nadu) 18
* All India Trinamool Congress led by Mamata Banerjee (West Bengal) 19
* Jharkhand Mukti Morcha led by Shibu Soren (Jharkhand) 2
* All India Majlis-e-Ittehadul Muslimeen 1
* Sikkim Democratic Front (Sikkim) 1
* Indian Union Muslim League
* Kerala Congress (Mani) (Kerala) 1
* Socialist Unity Centre of India led by Pravash Ghosh (West Bengal)
* Jharkhand Desam Party (Jharkhand & West Bengal)
* Jammu & Kashmir National Conference led by Farooq Abdullah (Jammu & Kashmir) 3
NDA
* Bharatiya Janata Party (130 MPs)
* Shiv Sena - Maharashtra (12 MPs)
* Janata Dal (United) - Bihar and Karnataka (8 MPs)
* Shiromani Akali Dal faction led by Parkash Singh Badal- Punjab (8 MPs)
* Indian National Lok Dal - Haryana [3]
Others
AIADMK 11
Muslim League Kerala State Committee 2
BSE 30 Sensex Bull Run
Sensex Jump to Peak 18 , may 2009
Dala Street -May 18 Monday after the election result and emergency of congress as a single largest party and a hope for stable government in the center created a very positive upward trend in the share market.
The BSE sensex opened with a jump start with a 1305 gain in first 30 second and the sensex gained another 806 points in next 30 second. As many expect a bull run on Monday as election result are positive and the congress gained majority, a party which committed for open trade policy and liberalization.
The share holder’s wealth soared by a whopping four lakh crore Indian rupees within few seconds of opening trading in BSE.
Many experts said even though the share market over reacted; the positive trend will remain for coming weeks. And also expert believe that the stable government will be able to come with economy boosting plans with will the economy to float in positive direction.
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Election in India Parliment Election TamilNadu -Fifth Phase
The final verdict is on the crucial state of Tamilnadu. For those who don’t know much about politics in tamilnadu, I will give you a introduction. Tamilnadu is one of the state were congress government was overthrown in 1960s itself. After that only Dravidian parties ruled the state and politics in tamilnadu is around them only.
In Tamilnadu two major Dravidian parties DMK and ADMK ruled the state after 1960s. Now DMK has been headed by M.Karunanithi and ADMK is headed by Miss J. Jayalalitha. In Tamilnadu national parties have very less influence and congress always aligned with one of these two parties to face the election and BJP not even a have role to play in these southern state.
During the last parliament election DMK lead DMK-Congress-Communist alliance won the all 40 MP seats in Tamilnadu and puducherry. And thus it helped UPA alliance to form government in the center and 13 MPs from Tamilnadu become central minister.. Tamilnadu is a key state in deciding the next government to be formed in the center.
This time there is big xhnge in alliance Most of the party left DMK- Congress alliance and joined ADMK alliance. The parties include CPI, CPI(M), PMK, MDMK. So this time the alliance is in favor of ADMK.
This time around the main issue in Tamilnadu election is Srilankan Tamil issue. There is lot of criticization
Parlimentary Election
Right now current parliamentary election is the highlight in India, so I will type every day happening in political circle and twist in political parties and leaders stands.
The entire media focus is now on Indian election and also unlike in the past, this time people voted for their own state problem, issue and local government’s achievements and failure. This time around state parties emerge as real king maker and decide the fact of the India and next Indian government.
So this time around also there will be collation government in center and the role of state parties will be such higher than their role in previous UPA government. This time around there is a equal chance for all the three collations to form government. I will cover the insight in to the political parties talks and also their back door talks.
How India Growth Stories Blog came
Hi friends i have read all current happening from various sources both from India and Indians achieving great heights in abroad.
I feel so proud , happy seeing those good news and also want to share those happy movement with fellow Indians and people to who interested in miracle happening in India. so i decided to create a blog to share those information that i come across with you.
I thought of creating my own site but i feel blogger is readily available and easy to use and also many Indian with whom i want to share those information are also using the blogger in good number.
Any way friends i am a new blogger i will try to give my views, stories and in site in good way to you
